Maitland has proactively developed a comprehensive governance framework, which includes an oversight model in relation to its outsource activities. This governance model is supported by the global markets industry and regulators as good practice.
The model focuses on the strategic, operational and assurance pillars of the client relationship. Elements include:
- an internal control framework which includes appropriate training, risk management and controls monitoring.
- regular controls audit in line with the International Standard on Assurance Engagements (ISAE) No. 3402 and Statement on Standards Attestation Engagements 16 (SSAE 16) Assurance Reports on Controls.
- alignment to the internationally recognised COBIT 5 governance of enterprise IT framework and the ISO 27001:2013 Information Security Standard.
- outsourced and fully managed redundant and fault tolerant disaster recovery facilities
International Organization of Securities Commissions (IOSCO) and the Alternative Investment Management Association (AIMA) guidelines of good practices in fund and instrument valuations.
Effective 25 May 2018,our governance framework has expanded to meet the European Union’s Global Data Protection Regulation 2016/679 (“GDPR”).
Our AML Policy summarizes the anti-money laundering (“AML”) and counter terrorist financing (“CTF”) procedures adopted by Maitland.